Dave & Buster's Entertainment’s (PLAY) Buy Rating Reiterated at Piper Jaffray Companies

Piper Jaffray Companies reiterated their buy rating on shares of Dave & Buster's Entertainment (NASDAQ:PLAY) in a research report released on Tuesday. They currently have a $56.00 target price on the restaurant operator’s stock.

A number of other equities analysts also recently commented on PLAY. TheStreet downgraded shares of Dave & Buster's Entertainment from a b rating to a c rating in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Dave & Buster's Entertainment from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Tuesday, October 10th. Raymond James Financial set a $63.00 target price on shares of Dave & Buster's Entertainment and gave the stock a buy rating in a report on Thursday, October 12th. Longbow Research started coverage on Dave & Buster's Entertainment in a research note on Friday, October 13th. They set a buy rating and a $77.00 price target on the stock. Finally, Canaccord Genuity restated a buy rating and set a $72.00 price target on shares of Dave & Buster's Entertainment in a research note on Sunday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Dave & Buster's Entertainment has a consensus rating of Buy and an average price target of $69.80.

Dave & Buster's Entertainment (NASDAQ PLAY) traded up $2.13 during mid-day trading on Tuesday, hitting $46.12. The company had a trading volume of 4,090,000 shares, compared to its average volume of 1,840,000. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.38 and a quick ratio of 0.26. The company has a market capitalization of $1,790.00, a P/E ratio of 17.60, a P/E/G ratio of 1.44 and a beta of 0.58. Dave & Buster's Entertainment has a 12-month low of $43.77 and a 12-month high of $73.48.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $255.70 million. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. analysts predict that Dave & Buster's Entertainment will post 2.65 EPS for the current year.

In other Dave & Buster's Entertainment news, SVP J Michael Plunkett sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $55.02, for a total value of $110,040.00. Following the completion of the transaction, the senior vice president now directly owns 2,001 shares of the company’s stock, valued at $110,095.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Jenkins sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $54.09, for a total value of $540,900.00. Following the completion of the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at $272,721.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,600 shares of company stock worth $1,478,448. 3.84% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in PLAY. Schwab Charles Investment Management Inc. raised its stake in shares of Dave & Buster's Entertainment by 9.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 180,879 shares of the restaurant operator’s stock worth $12,031,000 after buying an additional 15,795 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Dave & Buster's Entertainment by 54.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,511 shares of the restaurant operator’s stock valued at $1,231,000 after purchasing an additional 6,528 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dave & Buster's Entertainment by 147.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 1,286 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Dave & Buster's Entertainment by 9.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the restaurant operator’s stock valued at $240,000 after purchasing an additional 319 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Dave & Buster's Entertainment by 11.1% in the 2nd quarter. Principal Financial Group Inc. now owns 325,067 shares of the restaurant operator’s stock valued at $21,620,000 after purchasing an additional 32,475 shares during the last quarter.

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Dave & Buster's Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

Analyst Recommendations for Dave & Buster's Entertainment (NASDAQ:PLAY)

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